Haives Manufacturing Company (HMC) bases its fixed overhead rate on practical capacity of 82,000 units per year. Budgeted and actual results for the most recent year follow: Budgeted Actual Fixed manufacturing overhead $ 561,700 $540,000 Number of units produced 72,000 77,000 Required: 1. Calculate the fixed overhead rate based on practical capacity for HMC. (Round your answer to 2 decimal place.) Fixed Overhead Rate per unit 2. Calculate the fixed overhead spending variance for HMC. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable.) Fixed Overhead Spending Variance